Wyre, a blockchain technology powered money transfer company has announced that it will be partnering with CoinPayments, a cryptocurrency payment gateway in order to offer merchandise bitcoin to fiat settlements. CoinPayments offers a full suite of payment tools to enable merchandise to accept altcoins as a payment method.
As an integrated payments platform, CoinPayments enables you to accept over 600 altcoins, which usually becomes bitcoin or ether for merchant settlements. Yet, there has been an easy way for CoinPayments to fiat currencies.
Cryptocurrency as a volatility in crypto prices. Our partnership with Wyre will provide our merchants at a convenient and low-cost way to settle into fiat, avoiding volatility and ultimately furthering the adoption of cryptocurrencies. "
Partnering with Wyre enables CoinPayments to offer fiat settlements facilitated by one of the few U.S. licensed money transmitters in the cryptocurrency space. Wyre also operates on a global regulated payment infrastructure. The end result will be that CoinPayment merchants can now receive settlements in 8 national currencies, including USD, BRL, MXN, GBP, EUR, and AUD.
"It's awesome that you can keep their own peace, instead of forcing unwanted volatility on their balance sheet. It's a great approach for the business, and furthering education of cryptocurrencies! "
To commence the new partnership CoinPayment will receive a reduced fee of 0.5%, rather than the normal 0.75% on the Wyre platform.